If this page doesn't display properly in your email, click here. March 20, 2019
New Jersey Bankers Association
Industry News

OCC Proposes Partial Assessment Refunds for Banks Leaving Its Supervision
The OCC today proposed to amend its assessment rules to provide partial refunds to national banks, federal thrifts and federal branches of foreign banks that leave OCC jurisdiction before the end of the six-month assessment period.  

Fed Beige Book: Economic Activity Slows to Slight-to-Moderate Pace in Most Districts
Economic activity continued to expand in late January and February, with ten Districts reporting slight-to moderate growth, and Philadelphia and St. Louis reporting flat economic conditions. About half of the Districts noted that the government shutdown had led to slower economic activity in some sectors including retail, auto sales, tourism, real estate, restaurants, manufacturing, and staffing services.

SAFE Banking Act Introduced as Congress Looks to Address Cannabis Banking Issue
On the heels of the first-ever congressional hearing on the issue of cannabis banking, H.R. 1595, the Secure and Fair Enforcement (SAFE) Banking Act of 2019 was introduced as the leading bipartisan legislation tailored to specifically address the cannabis banking issue.

Member News

Amboy Bank provides $51M financing for former NFL player turned developer
Amboy Bank and K Johnson Enterprises, a real estate and business development company founded and led by former NFL player Kevin Johnson, have closed on a sequence of construction loans totaling $51 million for the development and construction of more than 400,000 square feet of retail and medical office space as part of Johnson’s existing Team Campus development in Bordentown, NJ.

First Bank to acquire Grand Bank for $19.4M
Hamilton-based First Bank announced it will acquire Grand Bank, also based in Hamilton, in a stock transaction valued at approximately $19.4 million.

SB One Bank Announces Adriano Duarte to EVP/CFO
SB One Bank announced  the appointment of Adriano Duarte to executive vice-president and chief financial officer (CFO). Duarte brings with him more than 20 years of banking experience and has been with SB One Bank since 2011. He succeeds former CFO Steven Fusco.  

For Third Straight Year, Unity Bank Named One of the Best Places to Work in New Jersey
Unity Bank has been named one of the 2019 Best Places to Work in New Jersey in the medium category. It is the third year in a row that Unity has been honored by the survey and awards program, which identifies, recognizes and honors the top places of employment in New Jersey that benefit the state's economy, workforce and businesses.

Endorsed Service Provider News

CRA Credit That’s Worth a Lot More Webinar
Wednesday, April 17, 2019
10:00 am ET
Webinar Questions? Call 901-529-4765
CRA Partners is a compliance solution you can feel good about. Join this webinar to discover how your bank can lead the fight against elder abuse in your community and receive CRA credit on both the lending and investment test, along with service credit consideration – all through our unique, turnkey program. Register today and see how you can fulfill your CRA compliance by helping elders in your community. Meaningful CRA credit might be closer than you think.

Community Banking Matters
ICBA Securities Corporation has partnered with Vining Sparks as an exclusively endorsed broker. Save the dates for their webinar series, Community Banking Matters. Take a look at the 2019 webinar dates and topics including:

  • Municipal Market Update: Investment Strategies and Credit
  • Balance Sheet Strategies for 2019
  • Balance Sheet Management for 2019
  • Mortgage Market Update and Opportunities and so many other topics to make your bank successful.

Please see the article that follows for an upcoming Seminar.  

Register Now for Vining Sparks' and ICBA Securities' Balance Sheet Academy
Learn Portfolio and Balance Sheet Management with Your Peers
April 29-30, 2019
Embassy Suites, Memphis, TN
The Balance Sheet Academy advanced seminar is designed to expose seasoned community bank portfolio and balance sheet managers to advanced products and concepts.  The objective of this seminar is to enable the attendees to consistently outperform their peers. Join Vining Sparks and ICBA Securities and learn how the changing economic data impacts market interest rates. 

Associate Member News

GRC Solutions Welcomes George Niemczyk as Director, Business Strategy Advisory
GRC Solutions announced that George E. Niemczyk has joined the firm as Director, Business Strategy Advisory. In his new role, George is responsible for the overall supervision and management of GRC’s Business Strategy Advisory line of business while achieving its growth and profitability objectives.

Kaplan Partners Commemorates 25th Anniversary
Kaplan Partners, a leading boutique executive search and talent advisory firm, announced its 25th anniversary serving many of the nation’s leading financial institutions. Specializing in executive search, board advisory services and management assessment, Alan J. Kaplan, Kaplan Partners founder and CEO, launched the firm in 1994, employing a holistic approach and proven methodology that finds the best solutions for evolving client leadership needs.  



IRA Training with PMC
March 20 & 21, 2019

CRA and Fair Lending Conference
March 27, 2019

115th Annual Conference
 May 1-5, 2019

Cannabis Banking
April 9, 2018

EFLG Top Golf Event
April 11, 2019

Women in Banking Conference
June 12, 2019

See njbankers.com for details.

Other Industry Meetings
View Other Meetings
Mark Your Calendar
View Upcoming Events
NJBankers Welcomes New Members

NJBankers is pleased to announce that the following firms have joined the Association.  These firms recognize the value of membership in NJBankers and we applaud their support of the New Jersey banking industry.

• Capital Performance Group
• Covington & Burling LLP
• Plymouth Rock
• Verasoni Worldwide



115th Annual Conference

The Broadmoor, Colorado Springs, CO
May 1-5, 2019

NJBankers is heading to Colorado Springs

Feel like you're on top of the world and experience the NJBankers Annual Conference at the acclaimed Broadmoor in Colorado Springs, a resort that captures the spirit of the west. After being inspired by our renowned speakers, there are endless opportunities to explore this iconic resort, the awe-inspiring Rocky Mountains, golfing at the foothills of Cheyenne Mountain, fly fishing in a cool mountain stream, and so many more adventures! 

Check out this years Keynote Speakers!

Upcoming NJBankers Conferences - Don't Miss Out on Opportunities for Professional Development!

Women’s Leadership in the 21st Century: A Communication Boot Camp
Monday, March 25th
8:30 am – 4:00 pm
NJBankers Office
This intensive, practical, highly interactive boot camp will focus candidly and analytically on the communication challenges facing women in banking today. This full-day program is designed for women wishing to develop the ultimate career advantage: being a stronger communicator at work. Open to all levels of banking.

CRA and Fair Lending Conference
March 27, 2019 - Kean University, STEM Building
2 CPE/2 CLE will apply; 3.5 CRCM credits will apply
Join industry regulators and the nation’s leading CRA expert, Kenneth Thomas, and learn what your bank can expect with the current reform of the Community Reinvestment Act (CRA) and related Fair Lending laws.  Changes have been proposed in the CRA rating mechanism, the delineation of the appropriate “Assessment Area” in a digital environment, the definition of community development activities, and many other important areas that will likely impact your bank as it prepares for its next CRA exam.

Cannabis Banking
April 9, 2019
9:00 am – 2:15 pm
The Sheraton Edison Raritan Center, Edison
Banking Marijuana- What is a bank to do?
The use of marijuana is legal, to some degree, in thirty-three states, the District of Columbia, Guam and Puerto Rico. Yet the possession, distribution or sale of marijuana remains illegal under federal law. This results in challenges for banking marijuana – is it even possible? The NJBankers Marijuana Conference will feature experts with insight about marijuana and the cannabis industry.

STOC Conference
April 10, 2019
The Sheraton Edison Raritan Center
The world of Security, Technology, Operations and Cybersecurity advances quickly. How do you position yourself as the expert that can help bankers through it all? You become a sponsor of the inaugural NJBankers STOC Conference! This Conference is for bankers who keep their banks, staff and customers safe and informed. Reach bankers who keep their products & services functioning with a seamless execution in the back office. If you offer products & services for a STOC banker, build awareness of your company’s solutions with a sponsorship!
For sponsorships, contact Jenn Zorn, SVP/Director of Education and Business Development at jzorn@njbankers.com.

2019 Director Webinar Package

Bank boards are under regulatory, economic and competitive pressures especially as the banking industry continues to innovate and evolve.  

The 2019 Director Webinar Series, a partnership between NJBankers and FinPro, is a year-long series of educational opportunities designed to address prudent governance, mitigate risk, and develop effective supervision skills.

The Director Webinar Series helps your board easily earn credits to show regulators that directors are active, informed, prudent and provide independent guidance to executive leadership. In today's world, directors must demonstrate that they have the skills to oversee the bank effectively.

The Director Webinar Series provides broad exposure to the challenges and opportunities faced by all banks. With the Director Webinar Series, directors will demonstrate that they are keeping abreast of industry developments and trends all while participating in a flexible learning platform that fits their lifestyle.

Whether a seasoned director or new to the responsibility, directors will emerge with a focused understanding and tools for providing prudent governance and independent guidance to bank leadership. Take advantage of this program and demonstrate that the Board is active and the bank compliant.

Read More 

FMS NY/NJ Chapter Releases Professional Development Opportunities for 2019

The Financial Managers Society NY/NJ Chapter is dedicated to enhance the professional development of financial personnel within financial institutions. The Chapter has released the 2019 schedule of seminars and events. The schedule can be found here.

Half Day Seminar with FMS/New Jersey Bankers Association
April 12, 2019
A half-day conference jointly sponsored by the NY/NJ Chapter and the New Jersey Bankers Association. An expert panel of speakers will present a range of topics including balance sheet strategies, an expert view of the economy, industry financial trends, asset/liability management techniques and more! Breakfast and a full course luncheon will be served. Click here for more information.

Bank Trainers 2019 Conference and Expo

May 7-9, 2019
Grand Hyatt Buckhead - Atlanta, Georgia

The Bank Trainers Conference and Expo is an annual educational event that brings together hundreds of training professionals, representing financial institutions from across the country and beyond. A wide-variety of workshops cover everything from eLearning and Gamification to Presentation Skills and Managing Change. Un-Paralleled Networking Opportunities with the greatest minds in Learning and Development await you at every turn.

Click here for more information! 

PMC's 2019 IRA Reference Volumes & Upcoming Winter/Spring 2019 IRA Seminar Tour

No other IRA resources are updated and relied upon as PMC’s 2019 IRA Reference Volumes.  Utilizing PMC’s IRA reference volumes will give you confidence knowing you’re the IRA expert. Check out their three great options, perfect for any individual or team, and know that all current NJBankers members will receive a 10% discount when purchasing the most respected IRA Reference Volumes in America!  Order today: Click here!

Also the PMC's 2019 IRA & HSA Customer Brochures have been updated to reflect retirement plan and HSA limits (with applicable cost-of-living adjustments) for 2019. Click here for more information.

**Click here to check out PMC's upcoming Winter/Spring 2019 IRA seminar tour**



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